Conzzeta / Key word(s): Miscellaneous
Interim information as of the end of 2019
Zurich, February 5, 2020 - The Conzzeta Group posted net revenue of CHF 1,573.2 million in 2019. Based on stable exchange rates and adjusted for changes in the scope of consolidation, net revenue was 4.9% lower than the previous year. On the same basis, order intake in the Sheet Metal Processing segment slipped by 6.5% (7.3% reported).
The revenue trend was therefore in line with the guidance for 2019 as communicated by Conzzeta. The weaker performance in the third quarter was largely compensated for by strong performance in the fourth quarter. Revenue in the fourth quarter exceeded the previous year's figure in Europe and America, but fell short of the previous year's figure in Asia. In the same period, order intake in America and Asia was higher, but it was lower in Europe.
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
Conzzeta confirms its expectation of a slightly improved EBIT margin for 2019 compared to the previous year, without the capital gain from the sale of the Glass Processing segment, which was communicated with the half-yearly results for 2019. On March 17, Conzzeta will publish its annual results for 2019 as well as its guidance for 2020.
Document title: Conzzeta_MR_ 12M Trading Update
End of ad hoc announcement
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|Listed:||Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange|
|EQS News ID:||967367|
|End of Announcement||EQS Group News Service|